Mylab Discovery Solutions, India’s leading diagnostic solutions provider, on Friday announced its foray into the vaccine and therapeutics segment with its strategic tie-up with Shilpa Biologicals Pvt Ltd (a 100% subsidiary of Shilpa Medicare Ltd), a specialist manufacturer of vaccine and wide variety of biologicals.
Starting with Covid-19 vaccine manufacturing opportunity, the parties plan to strengthen the relationship by expanding the product portfolio in various other areas including various biosimilars, other vaccines and diagnostics, a press release issued by Mylab said.
Mylab plans to develop world-class diagnostics, vaccines and therapeutics to augment its presence in the healthcare market. The company will leverage the technical expertise of Shilpa Biologicals in development and manufacture of biopharmaceuticals through its world class facility at Dharwad, Karnataka.
“Our strategy to offer value-driven innovation helped us disrupt the diagnostics market in India. We have proudly served millions of people across the globe with our diagnostics and we believe we can drive similar milestones in the vaccine and therapeutics space. Combining Shilpa’s expertise with our strength, Mylab can create significant value with companion diagnostics as well. This is an important step for us to make quality healthcare available to all”, said Sujit Jain, Director, Corporate Strategy, at Mylab.
R&D focus
“We have deep expertise in Research and Development driven manufacturing of complex vaccines and biologicals at a scale that can serve the world. Our partnership with Mylab will help us unlock significant value in the newer market segments of preventive healthcare. Together, we aim to create products that can serve global markets and establish market leadership”, said Vinay Konaje, Managing Director of Shilpa Biologicals.
Shilpa Biologicals will utilise its integrated research and development-cum-manufacturing facility in Dharwad, spanning over 11 acres, to cater to these requirements. This collaboration will also be developing novel technologies that can enable production of safe, efficacious and cost-effective vaccines and therapeutics.
The first vaccine project under this long-term partnership is currently under final evaluation phase and the manufacturing is expected to start by next month.
Hasmukh Rawal, Managing Director of Mylab Discovery Solutions, said: “We want to ensure that from a provider to a patient — all should get a fair value in the system. For this to happen, the current models of care have to change and it is only possible to do with an integrated approach — from testing to treatment.”